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Gold Approaches $5,000 Mark, Silver Surges to $100 Amid High Demand

Gold Approaches $5,000 Mark, Silver Surges to $100 Amid High Demand

Post by : Bianca Haleem

Gold and silver prices continue to hover near all-time highs this Thursday, fueled by robust investor interest and ongoing global economic uncertainty.

Spot gold maintained a level of $4,931.28 per ounce as of 13:32 GMT, having briefly peaked at $4,967.03 earlier in the trading session. Meanwhile, US gold futures for February delivery saw a 0.4% increase, reaching $4,934.20 per ounce.

Earlier in the day, gold prices saw a slight decline as certain investors took profits following a significant upward trend.

Both silver and platinum also achieved record prices, with their values climbing approximately 14% since the beginning of the year. Silver has experienced a remarkable 37% increase year-to-date, driven by vigorous purchasing activity and strong market demand.

Platinum prices rose by 1.5% to $2,667.47 per ounce after reaching a peak of $2,684.43, resulting in annual gains of 30%. Conversely, palladium saw a decline of 0.7% to $1,907.45 per ounce.

Experts indicate that ongoing purchases by central banks, along with a shift in preference away from the US dollar, are significant contributors to the rising gold prices. Investors increasingly view precious metals as a safe haven amidst global monetary risks and market fluctuations.

Jan. 24, 2026 12:34 p.m. 1695
Global News World News Gold

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